Canstar Resources (CVE:ROX) Trading 25% Higher – Should You Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s stock price shot up 25% during trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.05. 186,000 shares changed hands during mid-day trading, an increase of 232% from the average session volume of 55,984 shares. The stock had previously closed at C$0.04.

Canstar Resources Stock Up 16.7 %

The stock has a market capitalization of C$10.13 million, a P/E ratio of -8.04 and a beta of 2.55. The stock’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.04.

Canstar Resources Company Profile

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Canstar Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for zinc, silver, lead, copper, and gold deposits. Its flagship project is the 100% owned Golden Baie project that comprises 52 mineral exploration licenses located in the south-central Newfoundland.

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